Avalanche (AVAX) is seeing a recovery in the daily charts, rallying by 3.7% in the last 24 hours. AVAX is the second-best performing cryptocurrency in the top 100 projects, behind just Audiera (BEAT). While the rally is commendable, AVAX’s price is in the red zone in the other time frames. CoinGecko shows that the asset is down by 7.8% in the weekly charts and 31.4% over the previous month. AVAX’s price has also dipped by more than 95% from its all-time high of $144.96. Avalanche’s (AVAX) latest rally comes after the FIFA World Cup 2026 tapped the network for ticketing. Let’s discuss.
Avalanche Rallies After FIFA World Cup 2026 Collab
FIFA Collect has tapped the Avalanche (AVAX) network and Modex for a new ticketing model. The partnership aims to combat bots, ticket fraud and runaway secondary-market prices. The model works on an Avalanche Layer-1 blockchain called the FIFA blockchain. The model works with two features called a Right-to-Buy (RTB) and a Right-to-Ticket (RTT). Neither are the actual ticket itself. The RTB gives fans priority access to purchase a specific ticket before public access. When redeemed, the the RTB is converted into an RTT, which can be used to purchase an official ticket through FIFA’s platform.
Avalanche’s (AVAX) latest upswing is likely due to the hype around the FIFA World Cup 2026. The success of the Avalanche blockchain to combat fraud during ticketing has likely led to a surge in investor confidence. A part of the upswing could also be investors monetizing the collaboration. The rally could also stem from a bit of FOMO (Fear Of Missing Out) among retail investors.
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Given the larger bearish market sentiment, there is a high chance that Avalanche (AVAX) could face a correction soon. The Federal Reserve announced that it will keep interest rates unchanged and many anticipate a rate hike later this year. High-risk assets may face further sell pressure in the coming days.
